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Inflation fears take a chill pill
Episode 523
Published 1 year, 9 months ago
Description
Investors finally caught a little break this week after last week's turmoil, which was sparked by unexpectedly strong employment figures. Those numbers highlighted the robust health of the U.S. economy and dashed hopes for imminent Federal Reserve rate cuts. However, today's producer price index (PPI) data has given investors a reason to smile. The PPI came in lower than anticipated, suggesting that inflation isn't as rampant as some feared. This development bolsters the case for those advocating for rate cuts from the Federal Reserve in the first half.
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